Liberal, Kansas Business Gets SBA-Guaranteed Funding from 1st National Bank - Liberal
1st National Bank - Liberal is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Kansas entrepreneur who tapped into the power of SBA loans.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Liberal, Kansas was able to borrow $72,500 from 1st National Bank - Liberal. The SBA made the loan possible by guaranteeing $58,000 of this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: SANITARY SERVICES
LIBERAL, KS 67901
SBA Loan Lender
1ST NATIONAL BANK - LIBERAL
324 N KANSAS AVE
LIBERAL, KS 67905
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
4959 - Sanitary Services
Loan Approval Date
9/19/2000
Loan Approval Gross Amount
$72,500
Loan Approval from the SBA
Of the total $72,500 loan amount, the SBA guaranteed $58,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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